Friday, December 2, 2011

Should the US tax payer bail out Europe and prop up the euro?

Ron Paul on the collapse of the euro and European debt disaster:





"I'm disappointed that yet again American taxpayers find themselves forced to pay billions of dollars in bailouts, only this time we're not bailing out profligate American companies, but foreign governments," said Representative Ron Paul, one of the Fed's harshest detractors in Congress.








http://finance.yahoo.com/news/Fed-says-Europe-crisis-rb-1990001503.html?x=0%26amp;sec=topStories%26amp;pos=4%26amp;asset=%26amp;ccode=|||No. Just like we should have let GM, AIG, et al, fail for poor business decisions we should let Europe fail for their poor governing decisions.|||sure, why not. The US bailed out the franc, lira and mark back in the 1950s at a tune of billions from the US tax payer. Apparenlty we're supposed to save the world, then get spit on for doing it.|||No definitely not, and Im fron England.|||No.





With the current Democrat administration and Congress spending money like it grows on trees, the financial future of the US is already at risk. Let Europe solve their own problems.





It is comical that Obama gave reduce spending advise to Greece. What a joke.|||honestly i dont know. but i do know that regardless of your position on a/any bailouts a countries economic collapse is bad for world economics.|||Absolutely not! It is time for people, corporations, and nations to accept the consequences of their poor decisions. If your company goes bankrupt, too bad--you get bought out. If your nation overspends and find itself on the brink of burning like Greece, too bad--your politicians should have made better choices.





The only good news coming out of Europe right now is that Germany is banning short sales, which is something that needs to happen here. If you don't own it then you can't sell it!|||Hell no We should dig in and watch the fall out.|||Ummm....No.|||From an economic stand point the success of the eurozone is to our benefit, the better the world's economy is the better ours is. However Europe in its unchecked arrogance would take the money and never pay it back or use it to buy weapons that support our enemies. Only an investment that means a solid return to the US would be helpful. The giant bailout of greece and other falling socialist nations is yet again proof that socialism doesn't work. Just throwing money at a problem doesn't make it work.|||Stealing billions from us is nothing new.

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